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The head of the Raiffeisen Bank resigned after checking offshore transactions

The Executive Director
of the Austrian Raiffeisen Bank International Stepic (Herbert Stepic)
has resigned, according to Bloomberg. The press-service financial
institution noted that Stepic decided to resign for personal reasons,
and it will consider the application immediately. Prior to deciding
the top management Stepic RBI will continue to perform their
duties.

The day before, on May 23, Stepic in an interview with
Vienna's News said that he has an account in a Swiss bank UBS, which
he uses for real estate investment management in Singapore. Following
the publication of the Central Bank of Austria promised to check the
legality of offshore transactions Stepic. He denies that in any way
violated the law, points out Reuters.

Previously, transactions
with real estate Stepic already been subjected to checks by
regulators. As recalled by Bloomberg, the Austrian financial
regulator FMA this week finished checking the transaction chapter RBI
in Serbia. On any wrongdoing by Stepic in FMA were reported.